| * The Annual Percentage Rates (APRs) listed are our best rates for the terms outlined. Your rate may be higher depending on credit history and underwriting criteria. Rates and terms are accurate as of Tuesday, October 20, 2026 and are subject to change. Consumer Loans have a maximum APR of 18%. |
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You want to spend your time out on the water, not shopping for the best loan rates and terms. Let America First Credit Union handle your complete financing needs. Then you can worry about more important things, like it's about time they open the marina an hour earlier!
No, rates are based on borrower qualifications, creditworthiness, boat type, and the loan product selected (simple interest or balloon). Some watercraft, such as houseboats, yachts, pontoon boats, and others, are financed at higher rates due to the specialized nature of the collateral.
America First requires a lien on the boat, trailer, and motor (if outboard). Liens are legal claims to the property until loans are paid back in full.
Generally, JD Power—a data analytics company—is used to find boat, trailer, and other vehicle values. In some circumstances, a licensed, third-party marine survey company is used.
No. Some states require UCC (Uniform Commercial Code) filings instead. Also, some boats don’t have titles, but rather require registration with the U.S. Coast Guard. These are called preferred ship mortgage loans. Lastly, not all states register boats through their motor vehicle departments. In Nevada, for example, boats are registered through the Department of Wildlife.
At America First Credit Union, our chief concern is the financial well-being of members. We strive to provide superior products and services and strengthen the communities we serve.
